HL Woodford Fund Class Action

LHW99

eskbanker said:

ChopperST said:

What exactly are people suing over?  A loss of some of all of your capital is to be taken into account when investing.  People weren't suing him when he made them stellar returns at Invesco.  You paid your money, you took your chance.  Caveat emptor.

Investors can't sue solely on the basis of poor performance, but if there was some degree of negligence involved, in running the funds in such a way that they no longer complied with their stated strategy, then that's potentially a different matter....

Presumably particularly so if Link was aware of the drift away from the stated strategy as IMO that was what they should have been keeping an eye on.

Thrugelmir

ChopperST said:

What exactly are people suing over?  A loss of some of all of your capital is to be taken into account when investing.  People weren't suing him when he made them stellar returns at Invesco.  You paid your money, you took your chance.  Caveat emptor.

Be the sale of the certain assets at what appears to be under value to the vultures ( who in themselves were using Woodford as an advisor). To rub salt into the wounds Oxford Nanapore is heading towards an IPO. 

eastmidsaver

i'm thinking of joining the Leigh Day claim.    has anyone else gone with them, and if so, was it a straightforward process in joining it?

rothers

eastmidsaver said:

i'm thinking of joining the Leigh Day claim.    has anyone else gone with them, and if so, was it a straightforward process in joining it?

Yes, I have. It was very straight forward, I haven’t been asked to provide details of my purchase yet. 

eastmidsaver

rothers said:

Yes, I have. It was very straight forward, I haven’t been asked to provide details of my purchase yet. 

thanks.   i actually tried to sign up today,   but website kept crashing when i clicked "submit"  ,  so will try again tomorrow.

in terms of evidence they will need,  i assume it will be the contract notes?  what else could they ask for?

on a separate matter,  just to make sure i have understood correctly.... i believe there is no risk to the claimant, so if Leigh Day lose the case they won't be asking claimants to pay the defendents costs   (as they have after-event insurance in place) ... is that correct?

thanks.

eastmidsaver

so i have just signed up to this....

my main worry was that i don't want to be asked for any fees whatsoever.

however,  my understanding is as follows:

1.       That there is absolutely no risk to the claimant? Therefore if they lose the Woodford case, they will not be asking the claimants to make any payments towards the defendants cost?

2.       The case is on a no win, no fee, basis?

3.       Maximum fee they will charge the claimant if they win is 30% inclusive of VAT. This fee includes all costs, including the insurance policies they have taken out?

4.       Contract notes will be needed to prove you were invested in the fund and at time of suspension.

5.       This case is only vs Link  (not Hargreaves Lansdown too) ?

Would appreciate if someone can confirm that my understanding on this is correct.... essentially, i just don't want to be getting any bills at any point.

Thanks.

rothers

eastmidsaver said:

so i have just signed up to this....

my main worry was that i don't want to be asked for any fees whatsoever.

however,  my understanding is as follows:

1.       That there is absolutely no risk to the claimant? Therefore if they lose the Woodford case, they will not be asking the claimants to make any payments towards the defendants cost?

2.       The case is on a no win, no fee, basis?

3.       Maximum fee they will charge the claimant if they win is 30% inclusive of VAT. This fee includes all costs, including the insurance policies they have taken out?

4.       Contract notes will be needed to prove you were invested in the fund and at time of suspension.

5.       This case is only vs Link  (not Hargreaves Lansdown too) ?

Would appreciate if someone can confirm that my understanding on this is correct.... essentially, i just don't want to be getting any bills at any point.

Thanks.

That is also my understanding 👍

eastmidsaver

cheers,   when i looked at the terms and conditions,  i really didn;t know what it was talking about,  a lot of it was about charges like success fees, basic disbursements etc etc,  which i didn;t understand.

Hexane

moneysavingmuse said:

and I think one (RGL) is also going after HL.  

and also sponsoring an entire TV channel! I think, however, that RGL need to ask the TalkingPictures TV announcer to say "Woodford litigation" in a less cheerful voice.

eastmidsaver

rothers said:

eastmidsaver said:

i'm thinking of joining the Leigh Day claim.    has anyone else gone with them, and if so, was it a straightforward process in joining it?

Yes, I have. It was very straight forward, I haven’t been asked to provide details of my purchase yet. 

Hi Rothers,

So I did the first bit and it's given me a login to the page.  However,  the next bit asks to upload the evidence which I assume is contract notes, but not sure how to go about this.

I was a regular monthly investor since 2014 and therefore have approx 60 contract notes, but the website only lets you upload 1 attachment. How did you get round this?  Also it only allows you to enter 1 purchase date too, whereas again i have 60 odd different dates.

I tried calling Leigh Day on the number to ask them, but the lady just took my details but nobody got back in touch.

Cheers.